Greater China Stocks Close Mixed; Hong Kong Leads Gainers

Chinese shares open lower after a rally in the previous session. Real estate and pharmaceutical stocks lead the losses. Investors are awaiting China's 4Q economic data later this week and Donald Trump's inauguration next week. China Vanke declines 1.45% and Poly Developments & Holdings is down 1.25%. Jiangsu Hengrui Medicine drops 1.3% and WuXi AppTec falls 2.2%. Bank stocks are broadly higher, with Industrial & Commercial Bank of China up 1.4% and Agricultural Bank of China gaining 1.6%. The benchmark Shanghai Composite Index drops 0.2% to 3235.47, the Shenzhen Composite Index is 0.7% lower and the ChiNext Price Index sheds 1.5%. (sherry.qin@wsj.com)

China's medical products administrator approved Jiangsu CoWin Biotech's influenza A/B and respiratory syncytial virus nucleic acid detection kit, according to a Tuesday filing with the Shanghai Stock Exchange.

The kits use fluorescence polymerase chain reaction methods through swab samples from the pharynx, the filing said.

China's medical products administrator approved Jiangsu CoWin Biotech's influenza A/B and respiratory syncytial virus nucleic acid detection kit, according to a Tuesday filing with the Shanghai Stock Exchange.

The kits use fluorescence polymerase chain reaction methods through swab samples from the pharynx, the filing said.

Hong Kong stocks rose on Tuesday from a four-month low following a pledge made by the China Securities Regulatory Commission other authorities to stabilize the securities market, addressing investors' concerns, and stabilizing expectations.

The Hang Seng Index rose 1.83%, or 345.64 points, to close at 19,219.78 on Tuesday. The Hang Seng China Enterprises Index rose 2.10%, or 143.65 points, to end at 6,987.36.

In its 2025 work conference on Monday, the CSRC announced it will make all efforts to stabilize the securities market including working with the central bank to improve the structural monetary policy tools, address market concerns, and stabilize expectations.

Moreover, the People's Bank of China Governor Pan Gongsheng said Beijing will raise foreign exchange reserves allocated to assets in Hong Kong and boost connectivity between the city and the mainland's financial markets. The central bank will also help guide more high-quality companies to list and issue bonds in Hong Kong.

In market News, Weimob jumped nearly 27%, Meituan closed over 5% higher followed by Xiaomi closing nearly 3% higher. Tencent , Alibaba Group , and Semiconductor Manufacturing International all closed over 2% higher on Tuesday.

In corporate news, Coastal Greenland's subsidiary Dalian Jinrijunjian Paradise agreed to surrender a land parcel to Dalian Jinpu New District Natural Resources Bureau for a compensation of 109 million yuan. The shares of the company closed over 20% higher on Tuesday.

Zhejiang Leapmotor Technology achieved a positive net profit in the fourth quarter of 2024, attributable to the sustained growth in sales volume, with a monthly average of 40,000 units, raising the shares of the company nearly 13% on Tuesday's close.

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Greater China gained on Tuesday.

Hong Kong's Hang Seng Index gained 1.8% to 19204.51, and China's Shanghai Composite Index gained 2.5% to 3240.94. The Taiwan Taiex index gained 1.4% to 22797.52.

Among Hang Seng constituents, Nongfu Spring Co. Ltd. was the biggest gainer during the session, surging 5.2%, and Kuaishou Technology gained 4.9%. JD.com Inc. rounded out the top three movers on Tuesday, as shares gained 4.9%.

New Oriental Education & Technology Group Inc. posted the largest decline among companies on the Hang Seng, falling 3.3%, followed by shares of Sands China Ltd., which fell 1.3%. Shares of CK Infrastructure Holdings Ltd. slipped 0.9%.

Among large mainland China stocks, EFORT Intelligent Equipment Co. Ltd. was the biggest gainer during the session, surging 20%, and Hangzhou Kaierda Welding Robot Co. Ltd. A surged 17%. OPT Machine Vision Tech Co. Ltd. A rounded out the top three movers on Tuesday, as shares surged 16%.

Eastroc Beverage (Group) Co. Ltd. posted the largest decline, dropping 7.9%, followed by shares of Cambricon Technologies Corp. Ltd. A, which fell 3.5%. Shares of Jiangsu Seagull Cooling Tower Co. Ltd. A fell 2.3%.

In Taiwan, Lai Yih Footwear Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and Arizon RFID Technology (Cayman) Co. Ltd. surged 10% Foxtron Vehicle Technologies Co. Ltd. rounded out the top three movers, as shares surged 10%.

Universal Inc. posted the largest decline, dropping 9.9%, followed by shares of Adimmune Corp., which dropped 7.2%. Shares of Cosmo Electronics Corp. dropped 5.3%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.33 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$33.02.

Data source: Dow Jones Market Data, FactSet

WuXi AppTec disposed of 86 million shares in WuXi XDC Cayman for about HK$2.43 billion on Nov. 8, 2024, and Jan. 10, 2025, a Monday Hong Kong bourse filing said.

The sold shares represent about 7.17% of the total issued share capital of WuXi XDC as of the filing date.

The company plans to use the proceeds from the disposal to speed up the construction of the group's global production capacity and capability, recruit and retain talents, and bolster its Contract Research, Development and Manufacturing Organization business model.